The Singapore Art Market

FAST FACTS
Singapore
South-East Asian city state
Former British colony
Highly trade-oriented
Highest density of millionaires, HNWIs
Infrastructure / Enablers
Demand
Private Collectors
Individuals / Family offices
Patron of the arts

Investors, Art Funds
Art as an investment asset
e.g. Strategic Art Fund

Art Investment Brokerage
e.g. Art Futures Group

Private banks
Fund of funds, but not really taking off

Intermediaries
Market challenges
THE ART ECO-SYSTEM
Critical mass
Strong rival markets (Hong Kong)
'Cash poor, asset rich'
Market versatility

South East Asia, South Asia markets
Low to middle end prices
Digital frontier
Education
Supply
Auction Houses
Christie's, Sotheby's
33 Auction, Borobudur, Larasati

Art Fairs
Art Stage Singapore
Affordable Art Fair


Professional services
Shipping and transport
Storage- Singapore Free Port
Tax policies
Insurance
Legal services

Government
National Arts Council
Economic Development Board
Who are the artists?
Local [La Salle, SOTA, NFA]
SEA, Chinese, International

How are they being represented?
Galleries
Museums (not for profit)
Events

1. Supply 3. Intermediaries
2. Demand 4. Infrastructure

Ruben Pang
Untitled
Tan Swie Hian
When the Moon is Orbed
Singapore- January 2013 auction sales

Combined sales USD14.1m
Bought-in rate 21%
Affandi (Indonesia)
School of the Arts (SOTA)
La Salle School of the Arts
National Museum of Singapore
Future Potential
singapore
Source: Artnet
source: artprice
Gillman Barracks- international galleries
Asia-Pacific millionaires' passion investments
Source: The Asset